In trading on Monday, shares of the ProShares UltraShort S&P500 ETF (Symbol: SDS) crossed above their 200 day moving average of $20.79, changing hands as high as $20.88 per share. ProShares UltraShort S&P500 shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of SDS shares, versus its 200 day moving average:
Looking at the chart above, SDS's low point in its 52 week range is $18.95 per share, with $25.60 as the 52 week high point - that compares with a last trade of $20.84.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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